Content area
Full text
You get what you measure. Although manufacturers track time and attendance, they seldom have a method of measuring or understanding how the actions of the labor force directly influence profitability. After spending recent years squeezing productivity gains from their supply chains, manufacturers now need to find new ways to help the workforce become more productive.
As this series of white papers argues, measuring Overall Labor effectiveness(TM) (OLe) provides a real-time method to recognize the cumulative effect of workforce variables. It gives managers the hard data they need to diagnose, correct, and improve the financial performance of manufacturing operations.
Simply defined,...